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Already Struggling European Banks
Expect Further Setbacks from Attacks

By

Alen Mattich Dow Jones Newswires

Updated Sept. 21, 2001 12:01 a.m. ET

LONDON -- As Wall Street struggles to return to business as usual, Europe's investment banks are facing deep pain.

Even though financial houses in Europe were spared serious consequences of the attacks in the U.S., the events' wider economic implications look to make an already bad state of affairs for Europe's investment banks even worse.